Member Info for fogthemogg

Of course it will gap back down to the open, that's why the parasite duo M1Rob (bearish at 40p) and Rifleman (zero value add posts) are still lurking around...They could well be the same person actually.

M1Rob the spiv who was bearish at 40p, conveniently missed out "...But Ready for Talks" from the news headline.

"When is this gonna move north ?"

Probably dead money until March 25 prelims. That failure to break a modest 800p, even when silver was $34.7 and gold $2,790 drove a tonne of selling as people have been patient enough.

Share price is being dismantled for a lowball offer.

There's some comfort that TLW is financially stronger than when it was last sub-20p, but unfortunately there's no obvious bottom. They can take it as low as they want because LSE is dead, FCA are impotent, market participation and volume are comically low.

If rates were still zero then 6% is attractive, but risk-free rate is 4-4.5% and looks sticky as higher inflation will probably return next year.

Taking equity risk just to get another 1.5-2% with a company in a 10-year downturn is erm, an interesting play but it's yours to make :)

I'm still a holder otherwise I wouldn't post, but I only started buying this summer. I'll wait until the end of January which would be c6 months, sitting on perennial losers for years rarely works out.

Longtimeinvestor, how many of your 23,314 posts are religiously defending buybacks? It is odd how staunchly you defend them on every board, particularly so as you don't appear to understand them either. Buybacks do not have a sole purpose, there are in fact many if you'd bothered to check. But all else being equal, then a reduction in share capital at the end of the programme is an outcome.

Private investors now owning an infinitesimally greater share of the company than they did before a buyback programme began is meaningless, in of itself. If the buyback programme turbo charged a bull run as we've seen with some US stocks, or helped soak up some selling pressure in a downturn, then there might be a potential tangible benefit to PIs.

Also last time, you and Happy were claiming that buybacks "put more money into the pockets of shareholders", which isn't true either.

"The share price may be dropping just now, but that's doesn't matter unless you need to cash in for some reason."

Of course it matters. Only in the UK to people keep hanging onto the same old dogs for years whilst saying "patience is needed", "only a paper loss", "sit back and collect the dividends". The capital losses on most of these FTSE dividend traps far exceed dividends received. Even if the divis eventually offset the capital losses, or perhaps make a small overall profit, it's not exactly an achievement is it? There's a little thing called opportunity cost as the cash was tied up for years.

Smash & grab by M1Rob and his spiv mates

Can't believe we're still doing the "All Russians are scum" versus "Ukrainian Nazis led by a secret billionaire cokehead" thing 😆

How many people do you actually think you're reaching on here? What a waste of time and mental energy...Probably no more than 50-100 will ever see it and most will just scroll past it.

New 52-week low. Dismal.

How many years have you said that for Nitro? 😆

"Big things happening in the real physical silver market - keep em peeled."

Said every week of every year since 2010 by ZeroHedge readers 😆

Silver was $30 back then too, hit $49 in 2011 and $37 in 2012!

"TLW holders are not going to roll over for a low ball offer."

Gimme 40p today and I'll sing like a canary 🐦

Keep crying Rob, you were on record as bearish at 38p and missed the boat.

That was one of the worst calls I've ever seen on here, and that's really saying something...

"I think as shareholders we should start a petition to, then be sent to the board to have this dog de listed from UK and listed on NYSE & maybe if enough sign it or we make enough noise something may happen."

Blame the sleepy UK fund industry. These institutions have continually approved undeserved remuneration over the years and are too lazy to force real change at not just BP, but other FTSE dinosaurs in decline.

"Gord1 - Incredibly the FTSE has only grown by 12% in the last 5 years.

You forget to mention it also pays a 3.7% yield which when compounded equates to a 33% per cent rise."

Only in the UK do investors cobble together penny dividends, to try and justify what was initially a shorter term investment, but due to poor performance then becomes a very long-term one. Investors have taken capital losses, often irreversible, on big divi payers like Vodafone, miners, tobacco companies etc. Therefore, they have to hang on and try to offset those losses with penny divis.

S&P 500 and Nasdaq do in a year (20-25%) what FTSE 100 struggled to do in 25 years since 1999. There's no sugarcoating it, the returns and inefficient use of capital are diabolical.

"So now we should replace one incompetent CEO with another one?"

Isn't that how it works? Incompetent FTSE execs merry-go-round with complimentary gravy train.

"At 40p this was a fantastic punt with odds hugely in your favour but at over £1 it's just a wild speculation play."

You could just check the charts before posting...After the invasion, FXPO spent almost all of 2022 above 100p and hit 170s multiple times in the winter of 22/23.

Daniel, the short interest data is usually trailing by weeks. The move from 20p to 26p was likely short covering and accumulation in advance of yesterday's announcement.

Those reacting this morning to buy are late to the party and get rug pulled.